Bieber, Post Malone (6), and Ed Sheeran (5) account for nearly one in five tracks (albeit one of these, “I Don’t Care” is a collaboration between Sheeran and Bieber).Spotify listeners frequently turn to the streaming service to soundtrack special occasions.The most-streamed song in a single day is “All I Want for Christmas is You” by Mariah Carey, which racked up 12 million streams on Christmas Eve 2019.It’s not just the festive season that gets listeners looking for class soundtrack. Something that can be concluded from the recent revelation that The application became the most downloaded mobile app under Music category for July 2019 with 20M+ installs.

This provides users an option to start listening to music online without making any commitment or paying monthly subscription fees.With this covered, let’s dive into the market and look at the different Spotify statistics 2019-2020.The company made a total valuation of $29.5B in 2019, which is nearly 1.25x of the projection from its valuation in 2018. This may be a slower rate of growth, though Apple’s service is subscriber only.According to Verto Analytics/Statista stats, Spotify was the fifth most popular mobile music and video app by reach in the US, as of September 2019, on 23.7%. Total losses for 2020 are estimated to be slightly higher, at an estimated €150-250 million ($162-217 million).In terms of costs, in 2019 Spotify spent €615 million ($666 million), on R&D, €826 million ($895 million) on sales & marketing, and €354 million $(383 million) on general & administrative.

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Tencent Music seems to be the biggest winner, increasing its share from 8 to 10%, while increasing its userbase by 76%.According to these Spotify stats, while the Swedish company leads the way in revenue terms, Apple is brining in more revenue proportionally. No repurchase activity took place over Q1 2020.The repurchase initiative is set to continue until April 2021.Spotify predicts that revenue will come in at €1.75-1.95 billion ($1.9-2.11 billion) in Q2 2020, and €7.65-8.05 billion ($8.29-8.72 billion) over the course of the full year, revised down from €8.08-8.48 billionSpotify warns that these predictions are subject to a large degree of uncertainty.Spotify 2019 revenue came to a total of €6.7 billion ($7.3 billion), with gross profit of €1.7 billion.

Alphabet’s service, alongside Spotify, counted on the most loyal bases.Clearly users could find everything they wanted on these services.

The Below is an example of a “taste profile” of Quartz writer Adam Pasick, and an illustrative map showing how these focus areas are generated.Curated playlists and suggestions are based on users’ listening histories. Spotify annual revenue in 2019 at €6.7 billion ($7.3 billion), with gross profit of €1.7 billion ($1.8 billion) Estimates vary on how much a Spotify stream is worth to artist: from $0.006-0.0084 to as low as $0.00318/stream Spotify went public in April 2018, with a valuation of $26.5 billion by the end of the first day’s trading

Both Apple Music and Amazon Music claim libraries of over 60 million songs.